Joel Kan

Mortgage rates have fallen to their lowest level since last October, spurring a significant increase in mortgage applications last week. The Details: The average rate on a 30-year loan fell to 6.67% and the Mortgage Bankers Association reported mortgage loan application volume increased 11.2% on a...

Mortgage rates are coming down to the lowest levels since last December, but demand for home loans has stalled. Here's a look at what the experts are forecasting for the year ahead.  What To Know: The average interest rate for 30-year fixed-rate mortgages continued to decline to 6.88% in the...

Mortgage rates last week reached their highest levels since July 2024 with the average 30-year fixed mortgage rate staying above 7%, according to Bankrate. Experts see rates remaining elevated through the first six months of 2025.  The Details: Mortgage rates have climbed higher following...

The average interest rate for a 30-year fixed mortgage dropped to its lowest point in two years as markets anticipate the Federal Reserve lowering its key interest for the first time in four years, perhaps by as much as 50 basis points. The rate for the most popular home loan fell 14 basis points...

Mortgage rates declined to their lowest point in more than 18 months last week, encouraging homebuyers to refinance the amount they have left on their home loans. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29...

Prospective homebuyers are holding off on buying new homes as they bet on mortgage rates falling further, causing slow home sales, according to builders. And why wouldn’t they wait? In the week ending Aug. 23, the average contract interest rate for 30-year fixed-rate mortgages with conforming...

It’s a day of risk aversion on Wall Street as investors are shedding both stocks and bonds in favor of cash while digesting the latest corporate earnings reports. As of midday trading in New York, all major U.S. stock indices were in negative territory, primarily due to a slump in the tech...

Mortgage applications fell 6% from the previous week, according to data issued by the Mortgage Bankers Association's (MBA) in its Weekly Mortgage Applications Survey for the week ending September 29. On a seasonally adjusted basis, the Market Composite Index, which reflects mortgage loan...

According to data from the Mortgage Bankers Association (MBA) issued on Wednesday, mortgage rates hit a 16-year high last week, significantly reducing demand among home purchasers. In the final week of September, the 30-year fixed mortgage rate increased to 6.75%, the highest level since 2006....